Financials Tata Communications Limited

Equities

TATACOMM

INE151A01013

Integrated Telecommunications Services

Market Closed - NSE India S.E. 12:43:55 12/07/2024 BST 5-day change 1st Jan Change
1,860 INR -0.51% Intraday chart for Tata Communications Limited -1.53% +5.04%

Valuation

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 66,448 302,898 350,151 354,968 572,964 529,958 - -
Enterprise Value (EV) 1 146,821 377,812 422,150 422,513 675,678 603,243 588,888 569,577
P/E ratio -77.2 x 24.2 x 23.6 x 19.8 x 59.2 x 35.6 x 23.3 x 19.4 x
Yield 1.72% 1.32% 1.68% 1.69% 0.83% 1.07% 1.23% 1.58%
Capitalization / Revenue 0.39 x 1.77 x 2.09 x 1.99 x 2.73 x 2.18 x 1.97 x 1.85 x
EV / Revenue 0.86 x 2.21 x 2.52 x 2.37 x 3.22 x 2.48 x 2.19 x 1.98 x
EV / EBITDA 4.46 x 8.87 x 9.99 x 9.78 x 16 x 12 x 9.76 x 8.48 x
EV / FCF 17.4 x 20.8 x 16.6 x 14.6 x 61.4 x 29.8 x 23.2 x 20.6 x
FCF Yield 5.75% 4.81% 6.03% 6.84% 1.63% 3.36% 4.3% 4.87%
Price to Book -5.19 x 262 x 37.7 x 23.4 x 32.1 x 19.4 x 12.3 x 8.75 x
Nbr of stocks (in thousands) 285,000 285,000 285,000 285,000 285,000 285,000 - -
Reference price 2 233.2 1,063 1,229 1,246 2,010 1,860 1,860 1,860
Announcement Date 13/06/20 28/04/21 21/04/22 19/04/23 17/04/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 170,680 171,001 167,247 178,383 209,688 243,091 268,824 287,092
EBITDA 1 32,890 42,610 42,267 43,182 42,301 50,207 60,348 67,138
EBIT 1 9,312 19,467 20,222 20,564 17,604 23,395 32,142 37,616
Operating Margin 5.46% 11.38% 12.09% 11.53% 8.4% 9.62% 11.96% 13.1%
Earnings before Tax (EBT) 1 1,397 16,086 20,000 20,635 11,631 18,823 29,712 36,306
Net income 1 -859.6 12,506 14,818 17,960 9,683 14,874 22,751 27,277
Net margin -0.5% 7.31% 8.86% 10.07% 4.62% 6.12% 8.46% 9.5%
EPS 2 -3.020 43.88 51.99 63.02 33.97 52.19 79.83 95.70
Free Cash Flow 1 8,438 18,162 25,474 28,912 10,997 20,251 25,329 27,716
FCF margin 4.94% 10.62% 15.23% 16.21% 5.24% 8.33% 9.42% 9.65%
FCF Conversion (EBITDA) 25.65% 42.62% 60.27% 66.95% 26% 40.34% 41.97% 41.28%
FCF Conversion (Net income) - 145.22% 171.92% 160.98% 113.56% 136.15% 111.33% 101.61%
Dividend per Share 2 4.000 14.00 20.70 21.00 16.70 19.97 22.89 29.40
Announcement Date 13/06/20 28/04/21 21/04/22 19/04/23 17/04/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 41,849 42,630 43,105 44,307 45,283 45,687 47,714 48,720 56,333 56,917 57,828 59,900 61,500 63,100
EBITDA 1 10,825 10,453 10,770 11,296 10,770 10,342 10,240 10,150 11,340 10,563 10,917 11,700 12,700 13,700
EBIT 1 5,400 4,566 5,402 5,780 - 4,157 4,443 4,103 5,153 3,905 4,512 - - -
Operating Margin 12.9% 10.71% 12.53% 13.04% - 9.1% 9.31% 8.42% 9.15% 6.86% 7.8% - - -
Earnings before Tax (EBT) 1 4,839 6,095 6,943 5,932 4,306 3,454 5,039 2,983 1,538 2,072 3,013 3,900 4,900 6,100
Net income 1 3,952 3,651 5,438 5,323 3,939 3,260 3,817 2,210 448.1 3,212 2,319 2,900 3,700 4,600
Net margin 9.44% 8.56% 12.61% 12.01% 8.7% 7.14% 8% 4.54% 0.8% 5.64% 4.01% 4.84% 6.02% 7.29%
EPS 2 13.87 12.81 19.08 18.68 - 11.44 13.39 7.740 1.570 11.27 7.900 - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 19/01/22 21/04/22 20/07/22 18/10/22 23/01/23 19/04/23 19/07/23 19/10/23 18/01/24 17/04/24 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 80,374 74,914 71,999 67,545 102,714 73,286 58,931 39,620
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.444 x 1.758 x 1.703 x 1.564 x 2.428 x 1.46 x 0.9765 x 0.5901 x
Free Cash Flow 1 8,438 18,162 25,474 28,912 10,997 20,251 25,329 27,716
ROE (net income / shareholders' equity) - - 284% 147% 58.6% 65.5% 62.1% 53.9%
ROA (Net income/ Total Assets) - 5.75% 7.23% 8.93% 4.29% 7.8% 9.4% 9.8%
Assets 1 - 217,474 205,006 201,102 225,568 190,686 242,030 278,337
Book Value Per Share 2 -44.90 4.050 32.50 53.30 62.70 95.70 151.0 212.0
Cash Flow per Share 2 88.60 112.0 147.0 154.0 112.0 149.0 177.0 193.0
Capex 1 16,810 13,636 16,564 14,931 20,823 22,787 24,112 26,295
Capex / Sales 9.85% 7.97% 9.9% 8.37% 9.93% 9.37% 8.97% 9.16%
Announcement Date 13/06/20 28/04/21 21/04/22 19/04/23 17/04/24 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
1,860 INR
Average target price
2,003 INR
Spread / Average Target
+7.71%
Consensus
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